Tue, 04 Aug 2020

U.S. dollar edges up amid economic data

Xinhua
03 Jul 2020, 05:51 GMT+10

NEW YORK, July 2 (Xinhua) -- The U.S. dollar rose modestly in late trading on Thursday as investors digested a slew of economic data.

The dollar index, which measures the greenback against six major peers, increased 0.06 percent at 97.2696.

In late New York trading, the euro decreased to 1.1234 U.S. dollars from 1.1244 dollars in the previous session, and the British pound fell to 1.2463 dollars from 1.2466 U.S. dollars in the previous session. The Australian dollar rose to 0.6922 U.S. dollar from 0.6913 dollar.

The U.S. dollar bought 107.55 Japanese yen, higher than 107.49 Japanese yen of the previous session. The U.S. dollar decreased to 0.9457 Swiss franc from 0.9464 Swiss franc, and it was down to 1.3578 Canadian dollars from 1.3587 Canadian dollars.

Total nonfarm payroll employment in the United States rose by 4.8 million in June, the U.S. Bureau of Labor Statistics reported Thursday, beating market consensus. The unemployment rate declined to 11.1 percent from 13.3 percent in May. Economists were expecting a rate of 12.4 percent, according to Dow Jones.

Meanwhile, U.S. initial jobless claims registered 1.427 million in the week ending June 27, the Department of Labor said in a separate report released on Thursday. Economists polled by MarketWatch had forecast 1.4 million new claims.

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